• Slice of Finance
  • Posts
  • Procurify Launches Advanced AI-Driven AP Automation Solution

Procurify Launches Advanced AI-Driven AP Automation Solution

Author

Slice of Finance Team
05 Nov

Key Highlights:

  • New AI-powered AP automation reduces errors and streamlines AP tasks.

  • OCR and three-way matching improve invoice accuracy and efficiency.

  • Expanded ACH, wire, check, and EFT payment options for U.S. and Canada.

  • End-to-end procure-to-pay platform boosts mid-market spend management.

  • $20M investment from CIBC Innovation Banking supports

Notable Quotes:

❝

“At Procurify, our mission has always been to empower our customers through innovation.”

Aman Mann, CEO at Procurify
❝

“These new bill payment and AP automation capabilities solidify Procurify’s position as a spend management leader.”

Josh Olawale, Director at CIBC Innovation Banking

Our Take:

Procurify's latest AP automation solution exemplifies the growing integration of AI in financial operations, especially within the mid-market sector. By expanding its AP capabilities to cover a broader range of payment options, Procurify addresses critical operational needs across North American markets, particularly benefiting revenue-focused organizations. The platform’s unified approach to purchasing, AP, and payments underlines its role as an end-to-end financial management solution, providing companies real-time visibility into their cash flow. With substantial funding from CIBC Innovation Banking, Procurify’s strategic innovations strengthen its leadership in procure-to-pay solutions, catering to modern businesses seeking to optimize spend management with automation and accuracy.